China Resources Gas Group Ltd

01193: XHKG (HKG)
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China Resources Gas Earnings: Weakness Across All Segments; Valuation Cut by 18% to HKD 20

China Resources Gas’, or CRG's, first-half net profit fell 30% year on year to HKD 2.4 billion due to weakness across all segments. Management has lowered full-year guidance for gas sales volume, new residential connections, comprehensive service revenue, and integrated energy sales.

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